Author of 'SBF' on his Book's Subject, What Undid FTX, Future of Cryptos

This podcast episode was recorded on Monday, May 1, and released to premium subscribers a day later. To get early access to podcast recordings and take advantage of a host of other exclusive benefits, sign up to become a premium member at our Substack or Supercast. Brady Dale joins the podcast to discuss his book, 'SBF: How the FTX bankruptcy unwound crypto's very bad good guy' and offer his thoughts on the present and future of cryptocurrencies. Content Highlights Who is Sam Bankman-Fried exactly? Is he a crook? (Yeah, probably) Misunderstood? The author has known SBF for awhile and states that his subject was initially motivated by effective altruism, or EA ... (1:27); FTX was undone by its special treatment of Alameda. If it wasn't for that, "Sam would still be on the news all the time" today (10:54); Bankman-Fried's apparent misreading of crypto cycles led to ill-timed bets after Bitcoin hit an all-time high in November 2021 (14:26); In one of SBF's last conversations with the author, SBF claims he is unlikely to get a fair trial due to being proverbially hung already in the courts of opinion (17:59); Where does SBF rank among other financial market fraudsters? Perhaps Long Term Capital Management is the closest comparison... (23:52); Background on the guest, including what got him to write the book on SBF (34:03); Cryptos should eventually become a normal part of the economy. In many ways the story of SBF vindicates this (38:26); The world only really needs three blockchains: Bitcoin, Ethereum, and Dogecoin (44:28); Crypto regulation was supposed to have happened already, but it all seems to be talk (49:58). More From Brady Dale Purchase the book from Wiley or Amazon; Twitter: @BradyDale; Subscribe to his Axios newsletter.